At least 52 companies that fall under the ESG (environmental, social and governance) umbrella of the major stock index provider MSCI have “creeping exposure to cryptocurrency,” an analysis by the firm has found.
Combined, the 52 companies make up about USD 7.1trn in market capitalization, or about 6.6% of the total market capitalization covered by MSCI ESG Research, with many of them gaining exposure “passively and unintentionally,” the analysts said.... Read More: Dozens of ‘ESG Companies’ Have 'Creeping Exposure' to Crypto